How Crypto Is Taxed in Canada
The Canada Revenue Agency (CRA) treats cryptocurrency as a commodity. When you sell, swap, or spend crypto, it creates a taxable event. Capital gains from crypto dispositions are reported on Schedule 3, and 50% of the gain is included in your taxable income under current law. If crypto activity is your primary source of income, the CRA may treat it as business income instead, which is fully taxable.
Adjusted cost base (ACB)
Canada generally uses adjusted cost base for calculating capital gains on crypto-assets. ACB is the weighted average cost of all units of a particular asset. Each time you buy more, the ACB is recalculated across all holdings. DYOR.tax calculates a running ACB across the complete history you provide and uses included pre- and post-sale activity to identify potential superficial-loss adjustments.
- ACB review: ACB is not FIFO. Review the calculated pool before filing, especially if a spouse, affiliated person, or omitted account acquired identical property.
- Superficial loss rule: A same/identical-property acquisition in the 30-day period and continued ownership or a right to buy 30 calendar days after the sale are both required. Reports only flag potential cases from the history supplied.
- Crypto-to-crypto swaps: Swapping one cryptocurrency for another is a taxable disposition. The proceeds are the fair market value of what you received at the time of the swap.
- FX conversion: All values are converted to Canadian dollars (CAD) using Bank of Canada daily rates, with the latest prior published business day used for weekends and holidays.
Capital gains inclusion rate
Under current law, 50% of capital gains are included in taxable income. The 2024 federal budget proposed increasing this to 2/3 for gains over $250,000 per year, but Budget 2025 confirmed the proposal was cancelled in the 2026 Spring Economic Update and never took effect. DYOR.tax uses an explicit 50% inclusion rate for 2024, 2025, and 2026.
What you need to report
Capital gains and losses go on Schedule 3 (Capital Gains or Losses) of your T1 return. Crypto income from staking, mining, and airdrops is reported as either business income or other income, depending on your circumstances.
The filing deadline for most individuals is April 30. If you or your spouse are self-employed, the deadline extends to June 15, but any balance owing is still due by April 30.
What's in an eligible report
Eligible reports include a capital-gains table mapped to Schedule 3, a crypto income summary, federal and provincial or territorial incremental tax components, superficial-loss adjustments, prior-loss inputs, holdings, and a complete transaction audit trail. The 2026 output is prominently marked provisional year-to-date and is never represented as filing-ready.
DeFi, wallets, and Bitcoin
If you also traded on-chain, add your wallet addresses to merge exchange data with DeFi activity across 40+ supported networks (including Solana), plus Bitcoin. Hold BTC in a hardware wallet? Add your Bitcoin addresses (P2PKH, P2SH, Bech32, or Taproot) and we scan your full history. Up to 5 EVM/Solana wallets and 3 BTC addresses per report.
Canada crypto tax deadline
The CRA filing deadline for the 2025 tax year is April 30, 2026. See Canada crypto tax deadline 2026 for key dates, Schedule 3 requirements, and penalty details.
Other countries and calculators
We also generate country-specific reports for the US, UK, Australia, New Zealand, India, and South Africa. We support Coinbase (35+ transaction types), Binance (75+ operations), and Kraken (ledger format with refid pairing). If your records came from a different exchange, see our Crypto.com, Gemini, Bitstamp, or KuCoin pages for the right export steps.